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Dollar gains in FOREX as peace talks fail, US blockade Hormuz

Posted to Maritime Reporter on April 12, 2026

As the peace talks between Iran and the U.S.?broke up and the U.S. The Navy was preparing a?blockade of?Iranian port. The euro fell by 0.3% to $1.1684, and the British pound dropped 0.5% to £1.3398. The Australian dollar, which is a risky currency, was down 0.6% at $0.7030.

The FOREX Dollar strengthens when peace talks fail and the US begins its blockade against Iran's ports

Posted to Maritime Reporter on April 12, 2026

In early Asian trade on Monday, the dollar gained strength against most of its peers in a broad rally. Peace talks between the U.S. Navy and Iran had broken down. The U.S. Dollar Index, which measures the strength of the greenback against a basket?of six currencies, rose as much as 0.5% to 99.187.

Downing Street reports that Starmer and Trump discussed opening the Strait of Hormuz.

Posted to Maritime Reporter on April 9, 2026

British Prime Minister Keir Starmer met with the?U.S. Donald Trump, the President of the United States, spoke with?Keir Starmer on Thursday about?the necessity of a plan that would restore shipping through Strait of Hormuz as quickly as possible. Downing Street announced a ceasefire with Iran.

French Foreign Minister: Lebanon must be included in ceasefire agreement

Posted to Maritime Reporter on April 9, 2026

French Foreign Minister Jean Noel Barrot stated on Thursday that the ceasefire agreement between Iran and the United States should also cover military actions in Lebanon. He added that France had condemned Israel's "massive strikes" of Wednesday.

Hapag-Lloyd says normal shipping will resume in 6-8 weeks, if the Middle East stabilises

Posted to Maritime Reporter on April 8, 2026

Hapag-Lloyd expressed cautious optimism on Wednesday about the prospects of resuming shipping in the Strait of Hormuz after a?two-week 'ceasefire' agreed by?the U.S.?and Iran. However, it said that normal traffic across its entire network would not resume for at least six to eight weeks.

French Navy chief: China needs to be more involved in Strait of Hormuz discussions

Posted to Maritime Reporter on April 1, 2026

France's Navy Chief said that China may 'at some point' have to take a more direct role in re-establishing?traffic flows? through the Strait of Hormuz, because its number of ships is probably insufficient. "We have not seen the Chinese navy intervene to reopen this strait.

Norway increases its long-term defense plan by $12 billion

Posted to Maritime Reporter on March 27, 2026

The government announced on Friday that Norway will increase its defence expenditures by 115 billion crowns (about 11.87 billion dollars) between now and 2036 to compensate for the rising costs of military equipment. According to the government…

UK looks at expanding its regulatory powers to combat energy price gouging and profiteering

Posted to Maritime Reporter on March 23, 2026

Keir Starmer, Britain's Prime Minister, said on Monday that his government may re-examine the powers of the Competition Regulator to combat price gouging in the energy market. Starmer, a member of a parliamentary committee, said: "We are looking at ways to combat 'profiteering.

Starmer: UK must prepare for a prolonged Middle East conflict

Posted to Maritime Reporter on March 23, 2026

Keir Starmer, British Prime Minister, said on Monday that Britain must prepare for the possibility that a war with Iran could last for some time. He added that there were no "meaningful" concerns about energy supply. Starmer said that the emergency…

Daily Mail reports that a UK nuclear-powered sub is positioned in the Arabian Sea amid tensions between regional countries.

Posted to Maritime Reporter on March 23, 2026

The Daily Mail reported that a British nuclear-powered submarine equipped with Tomahawk Cruise Missiles has taken up position in the Arabian Sea, giving Britain the ability to launch long-range attacks if the regional conflict escalates. Could not immediately verify the information.

Ferretti Group yacht manufacturer Ferretti Group acquired a 3.4% stake from Biglari Holdings

Posted to Maritime Reporter on March 12, 2026

The U.S. investment firm Biglari 'Holdings announced on 'Thursday that it had purchased a 3,4% stake in the?Ferretti -Group. KKCG, a Czech investment group, is preparing to make a partial offer for the Italian yacht manufacturer. Biglari Holdings…

Dmitriev, a Russian official, says that he has discussed the global energy crisis with U.S. counterparts

Posted to Maritime Reporter on March 12, 2026

The Russian presidential envoy Kirill Dmitriev stated that he discussed the current energy crises with his U.S. counterparts on Thursday as part of a meeting of the U.S. and Russia working group on economics which took place in Florida. Since the closure of the Strait o f?Hormuz on February 28…

British warship HMS Dragon departs to Eastern Mediterranean

Posted to Maritime Reporter on March 10, 2026

The British warship HMS Dragon left for the Eastern Mediterranean on Tuesday. This was more than a month after the United States and Israel launched attacks against Iran. The British government was criticized for not sending a warship sooner.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on March 6, 2026

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BANIJAY GROUP N.V. Dutch content production and distribution company Banijay Group announced a full-year revenue totaling 4.88…

European countries move to protect Cyprus and secure Red Sea Navigation

Posted to Maritime Reporter on March 5, 2026

European powers announced on Thursday that they will 'work together to safeguard the shipping in Red Sea, and send naval assets and other resources to protect Cyprus. The conflict has spread beyond Gulf States to the Mediterranean and even as far as Asia…

Bunge explores alternative shipping routes in the Middle East Conflict

Posted to Maritime Reporter on March 5, 2026

A spokesperson for Bunge, the global grains 'trader', said that they are exploring alternative shipments routes to reduce disruptions due to conflict in the Middle East. After the?U.S. and Israeli strikes on Iran, shipping through the Strait?of Hormuz has been disrupted…

Sources: Malta-flagged container vessel hit by projectile at Hormuz and abandoned

Posted to Maritime Reporter on March 4, 2026

Shipping sources reported that the crew of the Maltese container ship Safeen Prestige abandoned ship after it was damaged by a projectile as it sailed towards?the top of the Strait of Hormuz? on Wednesday. Vanguard, a British maritime risk management company…

Trump claims that the U.S. has destroyed many Iranian naval and aerial targets

Posted to Maritime Reporter on March 3, 2026

On Tuesday, President Donald Trump stated that the U.S. military had been successful in destroying many Iranian air and naval targets. He said "almost everything" was destroyed. Responding to questions from reporters, Trump said that he had…

The Times reports that the UK is planning to send a warship to Cyprus to defend a military base.

Posted to Maritime Reporter on March 3, 2026

The Times newspaper reported on Tuesday that Britain plans to send a warship to defend its Royal Air Force Akrotiri in Cyprus against Iranian attacks. A 'drone attack' by Iran hit the runway at the Akrotiri base early on Monday morning. Britain said that UK assets were targeted.

German shipowners' association: 25 German ships from seven companies stuck in Gulf

Posted to Maritime Reporter on March 2, 2026

BERLIN, 2 March - At the very least, 25 ships?from 7 German maritime companies?including two?cruise ships?carrying about 7,000 'passengers' are stranded 'in 'Gulf waters 'and cannot leave the Strait of Hormuz due to security reasons. Germany's shipowners association VDR announced this on Monday…

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